Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (1041966)	12/8/2017 9:29:41 AM
From: RetiredNow	Read Replies (1) \| Respond to of 1583677

You are right. Bitcoin is a great current example of that. My 10% marker is a marker off the most recent peak. My plan is to buy in 10% increments off whatever the most recent peak is until all my cash is invested. The big flaw is that it is basically like catching a falling knife at multiple points until it hits the ground. What advice would you have for a better plan to reinvest as a correction unfolds in the future? BTW, I used limit orders to buy in one time when there was a massive crash in the market several years ago, but then Fidelity voided all my orders. At that time, if they had made good on those orders, I would have doubled my money in a day. It was a flash crash and I timed the bottom nearly flawlessly, which was just lucky on my part, but then the next morning I was upset and confused to find out that they had voided all orders that come in during the flash crash. What's even worse, is that I actually took screenshots of my order placements and order fulfillment records, which had timestamps and the ask prices I bought at. But Fidelity refused to make good on them. I was furious. However, it shows you how when the crash comes, these brokers will do anything they want to avoid losing money and making good on your gains. This is why the little guy is almost always left holding the bag. I would have had to sue Fidelity and the cost of the suit would have been more than my profits. So I had no choice but to swallow the loss of my phantom gains. It was infuriating. I think when this crash comes it will be very hard, because this bubble is so freaking big. Bitcoin is a symptom of the absolute mania that is going on right now. It simply feels to me a lot worse than the Internet Bubble of 2000. At least back then you had companies with real people selling products and services, or the promise of that. With the Bitcoin bubble, there's literally nothing behind it but faith. It makes fiat currency look positively safe in comparison. And yet, we have bitcoin hoarders and charlatans calling for $1M in bitcoin/USD prices. That tells me the world has gone full manic and we must be very near the top. Even though the underlying economy is not terrible, the financial investments and super structure is fragile and manic. So when it blows, what is the best way to buy back in cheaply with all my dry powder? Any thoughts you may have would be welcome. Thanks!